Compass Digital enters non-binding LOI with renewable energy firm; postpones SPAC extension vote

Compass Digital Acquisition Corp.

Entered non-binding letter of intent with a renewable energy platform company for an initial business combination.
Postponed extraordinary general meeting from July 15 to July 18, 2024 to vote on extending business combination deadline.
Proposed extension moves deadline from July 19, 2024 to December 19, 2024, with possible monthly extensions until April 19, 2025.
Redemption and attendance reservation deadline extended to July 16, 2024 at 5 p.m. ET.
No assurance a definitive agreement will be reached or transaction consummated.

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